1 Guaraní Countryside Man on Horseback

Paraguay's guaraní was introduced in 1944 to replace the peso, but by 2000 the currency had suffered such chronic inflation that a single guaraní — the denomination struck here — had been functionally worthless in everyday commerce for decades. This piece was never intended for circulation. It belongs to a broader Paraguayan commemorative program issued through the late 1990s and early 2000s targeting the collector market, often distributed through international numismatic dealers rather than domestic banking channels.

KM#196 is frequently encountered in original packaging, unsurprisingly.